Overview

• Commerce and Industry Minister Piyush Goyal projects that exports will exceed $870 billion after a record $825 billion in FY 2024–25.
• Services exports to the UAE have nearly doubled and to Australia have tripled following implementation of new FTAs.
• Negotiators are reviewing older trade pacts with ASEAN and Japan to secure more balanced market access.
• More than 4,200 acres have been allotted across Dholera, Shendra-Bidkin, Greater Noida and Vikram Udyogpuri and a blueprint for 100 new industrial parks is nearly ready.
• Planned SEZ regulation reforms and strengthened Quality Control Orders aim to boost capacity utilization, curb substandard imports and foster value-added manufacturing.